Date: 05 December 2020
Currency | AED |
Minimum Deposit Amount | Personal Account - AED 100,000 Commercial Account - AED 2.5 Million |
Maximum Deposit Amount |
Personal Account - No maximum |
Tenor | 1 year, 2 years or 3 years' tenor |
Interest Rates | Interest paid at the time of full withdrawal (predefined) |
Early Redemption | Possible, no penalty on full early termination, interest paid on predefined rates |
Fixed Interest Rate | This deposit offers customers a fixed rate of up to 1.00% per annum for the full 3 years |
Overdraft Facility Against Deposit | Available against the deposit under lien |
Validity | For funds "New to Bank" only; rates valid until 31st December 2020 |